Hungary: Cocoa Butter Market 2025

Cocoa Butter Market Size in Hungary

In 2022, the Hungarian cocoa butter market increased by 1.4% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a noticeable contraction. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Cocoa Butter Production in Hungary

In value terms, cocoa butter production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced curtailment. The pace of growth was the most pronounced in 2014 when the production volume increased by 20% against the previous year. Cocoa butter production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Cocoa Butter Exports

Exports from Hungary

In 2022, exports of cocoa butter from Hungary surged to X tons, jumping by 35% against the previous year's figure. Overall, exports saw a noticeable expansion. The pace of growth was the most pronounced in 2021 with an increase of 360% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, cocoa butter exports expanded markedly to $X in 2022. Over the period under review, exports saw buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 238%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons) was the main destination for cocoa butter exports from Hungary, accounting for a 62% share of total exports. Moreover, cocoa butter exports to Italy exceeded the volume sent to the second major destination, Romania (X tons), twofold. Austria (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+30.4% per year) and Austria (-23.3% per year).

In value terms, Italy ($X), Romania ($X) and the Czech Republic ($X) constituted the largest markets for cocoa butter exported from Hungary worldwide, with a combined 87% share of total exports.

Among the main countries of destination, Romania, with a CAGR of +33.4%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average cocoa butter export price amounted to $X per ton, shrinking by -21.1% against the previous year. Over the period under review, the export price, however, enjoyed a notable increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by 77% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Austria (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cocoa Butter Imports

Imports into Hungary

For the fourth consecutive year, Hungary recorded growth in overseas purchases of cocoa butter, which increased by 55% to X tons in 2022. Over the period under review, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 99%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, cocoa butter imports soared to $X in 2022. In general, imports showed strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 132%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X tons), France (X tons) and Lithuania (X tons) were the main suppliers of cocoa butter imports to Hungary, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +133.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) constituted the largest supplier of cocoa butter to Hungary, comprising 39% of total imports. The second position in the ranking was taken by France ($X), with a 19% share of total imports. It was followed by Lithuania, with a 17% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+46.8% per year) and Lithuania (+118.1% per year).

Import Prices by Country

The average cocoa butter import price stood at $X per ton in 2022, dropping by -15.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 21% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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